Beverage Industry Archives – CEO East Africa

Coca-Cola Company to Sell Controlling Stake in Coca-Cola Beverages Africa for USD 2.6 Billion

Paul MurungiCompany News The Big StoryOctober 21, 2025October 29, 2025

The Coca-Cola Company and Gutsche Family Investments have agreed to sell a controlling 75 percent stake in Coca-Cola Beverages Africa (CCBA) to Coca-Cola Hellenic Bottling Company AG (Coca-Cola HBC) in a transaction valued at US$2.6 billion. The transaction values Coca-Cola Beverages Africa at an equity value of US$3.4 billion, establishing Coca-Cola HBC as the controlling shareholder in Africa’s largest Coca-Cola bottler and one of the most important strategic acquisitions in the company’s history. Under the terms of the agreement, Coca-Cola HBC will acquire 41.52 percent of CCBA from The Coca-Cola Company, which currently holds 66.52 percent, and the remaining 33.48…

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EABL Defies Market Headwinds to Post Kshs 12.2 Billion Profit in FY2025, Declares Higher Dividend

Muhereza KyamuteteraCompany News The Big StoryJuly 31, 2025July 31, 2025

East African Breweries PLC (EABL) has reported a solid full-year performance for the year ended June 30, 2025, posting a 12% jump in profit after tax to Kshs 12.2 billion, despite tough market conditions. The group’s net revenue rose by 4% to Kshs 128.8 billion, driven by a 2% growth in volumes across both beer and spirits portfolios. In light of the performance, the Board recommended a final dividend of Kshs 5.50 per share, bringing the total dividend for the year to Kshs 8.00—up 14.3% from the previous year. The dividend will be paid on or around October 28, 2025,…

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Diageo CEO Debra Crew Steps Down, CFO Nik Jhangiani Named Interim Chief Executive

Paul MurungiC-Suite Leadership The Big StoryJuly 16, 2025July 17, 2025

In a surprise move, global beverage giant Diageo plc has announced the immediate departure of its Chief Executive Officer, Debra Crew, two years after officially taking the helm. The decision,…

Crown Beverages celebrates 30 years of refreshing Uganda with a UGX340 billion expansion project

Muhereza KyamuteteraCompany News News & Analysis The Big StoryApril 7, 2023April 7, 2023

Crown Beverages Limited, the franchise bottler for PepsiCo, Inc., in Uganda has marked has today officially inaugurated its multimillion-dollar bottling plant at Kakungulu, Kajjansi Town Council, on the outskirts of Kampala, Uganda’s capital city. The bottling plant was officially commissioned but the Vice President of Uganda, Rtd Major. Jessica Alupo, who represented the President of Uganda, Gen. H.E Yoweri Kaguta Museveni. Also present, and leading a delegation from PepsiCo, was Eugene Willemsen, the CEO Africa, Middle East & South Asia (AMESA) region. Several cabinet ministers and other government officials including Hon. Mwebesa Francis, Minister of Trade Industry and Cooperatives and…

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